LayoffBlog.com

GM May Need More U.S. Job Cuts as Buyouts Fall Short

Monday, August 3rd, 2009

General Motors Co. may have to cut more U.S. hourly jobs after an offer of buyouts and early retirements fell about 7,500 workers short of the reorganized automaker’s target.

The possibility of layoffs was disclosed today by Sherrie Childers Arb, a spokeswoman, in an interview after GM announced that more than 6,000 United Auto Workers members, or 11 percent of the hourly workforce, left the company on Aug. 1.

Source: Bloomberg

Posted in GM, Manufacturing, US, Union, auto | No Comments »

General Motors offers retirement incentives to cut 4,000 more white-collar jobs

Wednesday, June 24th, 2009

About 4,000 more salaried workers at General Motors Corp. will lose their jobs by the end of the year as the automaker continues to downsize.

Source: StarTribune, AP

~News submitted by upthecreek

Posted in GM, US, auto | No Comments »

GM, Chrysler to cut up to 3,000 dealers

Wednesday, May 13th, 2009

General Motors Corp (GM.N) and Chrysler aim to drop as many as 3,000 U.S. dealers and are expected to begin sending notifications as early as Thursday.

Source: Reuters

Posted in Chrysler, GM, Manufacturing, US, auto, bailout | No Comments »

GM Plans Layoffs of 1,600 Over Next Few Days

Monday, April 20th, 2009

General Motors plans to lay off about 1,600 white-collar workers over the next few days, as the auto giant speeds its cost cutting to qualify for additional federal loans.

Source: The Washington Post

Posted in GM, US, auto | 2 Comments »

GM: 12 percent workers taking buyouts

Thursday, March 26th, 2009

General Motors Corp. said Thursday that 195 union workers at its Shreveport assembly plant accepted a buyout from the financially troubled auto giant.

The workers are among 7,500 workers nationwide who decided to take the deal, GM said. That represents about 12 percent of GM’s hourly work force represented by the United Auto Workers.

GM offered $20,000 cash and a $25,000 voucher to buy a car to all of its 62,400 hourly U.S. employees as part of an effort to further trim its blue-collar payroll.

Source: AP, Forbes

Posted in GM, Manufacturing, US, Union, auto | No Comments »

GM to cut 47,000 jobs, close five more plants

Wednesday, February 18th, 2009

General Motors Corp. plans to cut its work force by 47,000 this year and close five more U.S. plants under a viability plan it submitted to the U.S. Treasury on Tuesday as part of its effort to land between $9 billion and $12 billion more in federal loans.

The five plants the struggling automaker plans to close are in addition to the nine plants it previously said it planned to shutter.

GM also plans to reduce its dealerships from 6,246 in 2008 to 4,700 by 2012, and to 4,100 by 2014. Most of this reduction will take place in metro and suburban markets, GM said.

Source: Dayton Business Journal

Posted in GM, US, auto | 2 Comments »

GM To Cut Another 10,000 Salaried Jobs This Year

Tuesday, February 10th, 2009

According to CNNMoney: “General Motors Corp. (GM) will cut 10,000 jobs worldwide, or 14% of its salaried work force, as downsizing underway for years in the U.S. spreads around the globe.”

“Some 3,400 U.S. workers, or 12% of GM’s U.S. salaried work force, will be shed as part of the reduction. Most of those remaining will see a 3% to 7% pay cut on that date through year-end, while executives will get a 10% reduction.”

~News submitted by upthecreek

Posted in GM, Manufacturing, US, auto, worldwide | No Comments »

GM may cut thousands of salaried workers

Sunday, February 8th, 2009

According to Bloomberg, Reuters: “General Motors Corp. (GM.N) is developing a plan to fire up to 5,000 salaried employees as it tries to cut costs by a March 31 deadline to keep $13.4 billion in U.S. government aid. The total could match the number of salaried positions GM slashed in 2008. The company will include the plan in a Feb. 17 progress report to the U.S. government”

Posted in GM, US, auto | No Comments »

GM to Cut Output at Four Factories; 2,000 Affected

Friday, December 5th, 2008

According to Bloomberg: “General Motors Corp., running out of cash and combating a 22 percent plunge in U.S. sales this year, said it’s cutting production at four North American car plants in 2009, affecting 2,000 jobs.

The automaker will eliminate the third shift at its factories in Lordstown, Ohio; Oshawa, Ontario; and Orion Township, Michigan, in February, said Chris Lee, a GM spokesman. GM will also suspend production for a week at the Chevrolet Malibu plant in Fairfax, Kansas.”

Posted in Canada, General, US, auto | No Comments »

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